Glencore faces hefty fine over African bribery scandal
A subsidiary of the FTSE 100 commodities giant pleaded guilty in June to paying multiple bribes to secure access to oil shipments.
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A subsidiary of the FTSE 100 commodities giant pleaded guilty in June to paying multiple bribes to secure access to oil shipments.
Glencore is facing fines in millions of dollars for a series of corruption offences in which it used a private plane to fly money to bribe officials in different African governments. In June, a division of the FTSE 100 commodities behemoth admitted to paying many bribes to get access to oil supplies. Following the filing of a number of charges by the Serious Fraud Office, it was the first time a firm had ever been found guilty of bribery under UK law (SFO).
The commodities trading firm is being sentenced after admitting to five counts of bribery and two of failure to prevent bribery.
The commodities trading firm is being sentenced after admitting to five counts of bribery and two of failure to prevent bribery.
The commodities trading firm is being sentenced after admitting to five counts of bribery and two of failure to prevent bribery.